Sweden: Selected Issues

November 17, 2017

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Format: Chicago

Sweden: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 23, 2024

Summary

This Selected Issues paper analyzes the high household savings in Sweden. Preliminary evidence suggests that the large increase in savings after the financial crisis may reflect the rising cost of elder care. Econometric analysis appears to confirm anecdotal explanations that extended life expectancy and a preference for higher-quality residential care have contributed to higher savings. Further analysis using more granular data is needed to test alternative hypotheses for the rise in household savings. Anecdotal reports also indicate that parental assistance in young people’s home purchases could be behind the increased saving and serves as an additional bequest motive. Investigating this possibility would benefit significantly from household level data.

Subject: Labor, Labor markets, Real wages, Wage bargaining, Wages

Keywords: Baltics, CR, Europe, Global, Household saving, ISCR, Labor markets, Precautionary savings theory, Rate, Real wages, Saving, Saving rate, Savings behavior, Wage, Wage bargaining, Wage growth, Wages

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/351
Stock No:

1SWEEA2017009
ISBN:

9781484329665
ISSN:

1934-7685

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